Financial Results for the Fiscal Year Ended March 2016 (Apr. 2015 – Mar. 2016) May 2016 May 13, 2016
ABBREVIATION LISTS 2 NISH: Nisshinbo Holdings Inc. The followings are consolidated subsidiaries of NISH. JRC: Japan Radio Co., Ltd. NJR: New Japan Radio Co., Ltd. NJRC: Nagano Japan Radio Co., Ltd. UJRC: Ueda Japan Radio Co., Ltd. NISB: Nisshinbo Brake Inc. NISM: Nisshinbo Mechatronics Inc. NISC: Nisshinbo Chemical Inc. NIST: Nisshinbo Textile Inc. NISP: Nisshinbo Paper Products Inc.
3 Management Policy May 13, 2016
4 Management Policy Philosop ilosophy Corporate Philosophy Public Entity, Consistent Integrity, Innovation Business Conduct Guidelines Mis issio ion Providing solutions to sustainable society as an “environmental and energy company” group Environment, Safety/Security, Disaster prevention, Val Value Health, Comfort, Sustainability, Convenience/Smart Strategic Business Domains ① Wireless Communications and Electronics Domain Do main ② Automotive Parts and Devices ③ Lifestyle and Materials ④ New Energy and Smart Society ① M&A Str Strate ategy ② Expansion of the existing domains ③ R&D May 13, 2016
Management Policy 5 CSR Synergy of Quality Enhancement and Corporate governance Performance Improvement Compliance based on Corporate philosophy and Safety and Quality Business Conduct Guidelines Communication Diversified human Resources Focus on Shareholder value and return C o r p o r a t e Emphasis on ＲＯＥ (+ROA) P h i l o s o p h y Technical strength and Development capabilities B u s i n e s s Allocation of management resources C o n d u c t Ｍ＆Ａ G u i d e l i n e s Performance Improvement May 13, 2016
Mid-to-long term management strategies 6 Strategic Business Domains ① Disaster prevention system （ JRC ） Semi conductor device （ NJR ） May 13, 2016
Mid-to-long term management strategies 7 Strategic Business Domains ② Plastic moldings for automobiles （ Nanbu Plastics ） Precision parts for automobiles （ NISM ） Friction materials for automobiles （ NISB ・ TMD Friction ） May 13, 2016
Mid-to-long term management strategies 8 Strategic Business Domains ③ Dress Shirts （ Tokyo Shirts ） Household Paper Products （ NISP ） Insulation Products for Housing （ NISC ） May 13, 2016
Mid-to-long term management strategies 9 Strategic Business Domains ④ J-Marine GIS （ JRC ） Fuel Cell for J-Marine Routing Emergency （ JRC ） power supply May 13, 2016
10 Mid-to-long term management strategies Expansion of the existing domains • • Demonstration of R&D • Utilization of M&A May 13, 2016
Mid-to-long term management strategies 11 M&A history NISH Consolidated JRC and NJRC as subsidiaries 2010 Dec. NISH sold Aloka's shares 2011 Nov. NISH acquired 100% ownership of TMD Friction Group 2013 Dec. JRC consolidated Alphatron Marine as a subsidiary Feb. NISH transferred business of CHOYA 2015 May. NISH acquired 100% ownership of Tokyo Shirts Oct. NISH acquired 100% ownership of Nanbu Plastics 2016 Mar. JRC acquired 100% ownership of NJRC and UJRC May 13, 2016
Mid-to-long term management strategies 12 Contribution of M&A Net Sales Tokyo Shirts 570 Consolidation 600 Alphatron Marine Nanbu Plastics TMD Friction Group Consolidation consolidation consolidation （ JRC ） Others 500 JRC and NJRC Consolidation Precision 400 Instruments （ bil. yen ） 300 242 Brakes 200 Electronics 100 0 2009 2010 2011 2012 2013 2014 2015 2016 e. （ FY ） May 13, 2016
Mid-to-long term management strategies 13 May 13, 2016
Mid-to-long term management strategies 14 Friction Materials Copper-free From California Department of May 13, 2016 Toxic Substances Control’s web site
Mid-to-long term management strategies 15 Friction Materials Copper-free May 13, 2016
Mid-to-long term management strategies 16 Fuel Cell Fuel Cell Bipolar Plates （ NISC ） Fuel Cell for Housing Platinum Alternative Catalyst May 13, 2016 （ NISH ）
Mid-to-long term management strategies 17 Fuel Cell Alliance with Ballard Power Systems, Canada Fuel Cell （ Ballard ） A bus with fuel cell made by Ballard May 13, 2016
Mid-to-long term management strategies 18 Wireless Communication Technology Intersection accident prevention system Light beacon transceiver Car Navigation System Vehicle-to-Vehicle, Road-to-Vehicle communication GPS receiver 700MHz communication equipment Traffic Information VICS Beacon transceiver Highway Information Vehicle device for ITS spot Motorcycle ETC Perimeter Monitoring System ETC device for motorcycle Comfort Secure Quasi-millimeter radar driving driving May 13, 2016
Mid-to-long term management strategies 19 Electronic Components Manufacturing Technology Source : MarkLines Co., Ltd. May 13, 2016
Mid-to-long term management strategies 20 Advanced driving Assistant System (ADAS) ・ One of the most rapidly growing automotive categories ・ Functions such as automatic emergency brake, cruise control, lane keeping assist system, and parking assist system ・ Equipped with sensors such as radar, camera, and ultrasound Mid-to-long Stereo multi-purpose camera Multi-mode radar range radar Ultrasound sensor Ex. ） ADAS sensor equipped with Mercedes-Benz C-class Short range radar ※All car makers, whose ADAS systems and sensors vary in types and quantities depend on car models, tend to enhance the content and level of driving assist system grasping surroundings at 360 degrees May 13, 2016
Mid-to-long term management strategies 21 To realize Super-Smart Society (Society 5.0) Energy value chain New manufacturing Intelligent traffic system system Society 5.0 Region-inclusive Smart food Service platform care system chain system Utilization of Standardization of Improvement of Infrastructures maintenance interface & data format standard data security Smart manufacturing and renewal system Human resource Reinforcement of Institutional reform development ICT development for new services Antinatural- Integral material disaster society development system Utilization of existing positioning & certification system Global environment New business & service information platform Hospitality system Source : Cabinet Office May 13, 2016
Mid-to-long term management strategies 22 Mid-to-long term performance target Net Net S Sales es 600 bi 600 billion on yen en FY en FY endi ding g Mar. 2018 2018 ROE9% OE9% Net Net S Sales es 1 t 1 trillion on ye yen FY FY en endi ding g Mar. 2026 2026 ROE12% OE12% May 13, 2016
Mid-to-long term management strategies 23 Mid-to-long term performance target ROE 1,400 15% 12.0% ROE Net 1,200 9.0% 10% Sales (bil. yen) 6.1% 1,000 5.5% 1,000 5.1% 4.4% 5% 3.2% 4.0% 1.0% CAGR 6.6% 800 -0.6% 0% Net Sales 570 600 (550) 600 -5% 494 524 534 ( ) Plan 451 (510) 379 Utilization of M&A 200 billion yen 400 -10% (480) 326 286 (285) 242 (268) Expansion of the existing domains ＆ 200 (256) -15% Demonstration of R&D 200 billion yen Challenge2012 NEXT2015 FY2010 FY2013 － FY2012 － FY2015 0 -20% May 13, 2016
Summary for FY ended Mar. 2016 （ yr/yr ） 24 Increase in sales ＊ Increase ： Textiles acquiring Tokyo Shirts ＊ Decrease ： Electronics Decrease in profit ＊ Increase ： Brakes and Textiles ＊ Decrease ： Electronics and Real Estate （mil. yen） Mar. Mar. 2016 2015 Results change Net Sales 523,757 533,989 2.0% Operating Income before 21,068 19,806 ▲6.0% goodwill amortization Operating Income 13,744 12,617 ▲8.2% Ordinary Income 20,650 17,034 ▲17.5% Net Income 13,693 10,775 ▲21.3% May 13, 2016
FY ended Mar. 2016 Net Sales (yr/yr) 25 May 13, 2016
FY ended Mar. 2016 Operating Profit (yr/yr) 26 May 13, 2016
FY ended Mar. 2016 27 Ordinary Income, Net Income （ yr/yr ） May 13, 2016
28 Overview on major segments May 13, 2016
Electronics （ yr/yr ） 29 Decreased in sales JRC ： Sales decreased due to lower sales of water and river management systems and intelligent transport systems and postponed delivery date NJR ： Sales increased due to firm sales of electronic devices and microwave components Decreased in profit JRC ： Profit decreased due to lower sales NJR ： Profit increased due to higher sales May 13, 2016
Brakes （ yr/yr ） 30 Sales increased, Operating profit ameliorated Japan ： Decreased in sales and profit Overseas ： Increased in sales and profit May 13, 2016
FY ended Mar. 2016 Net Sales (vs forecast) 31 May 13, 2016
FY ended Mar. 2016 Operating Profit (vs forecast) 32 May 13, 2016
33 Forecast on FY ending Mar. 2017 May 13, 2016
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